STXNEWS LATAM-Brazil consumer defaults soar 8.6 pct in April - SPC

Thu May 8, 2014 11:49am EDT

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The number of Brazilian consumers in default rose at a record pace of 8.6 percent in April from the same month a year before as higher interest rates made it tougher for Brazilians to pay off their bills, credit bureau SPC Brasil said on Thursday. Defaults rose 2.14 percent from March, which is equivalent to 1.3 million people, SPC Brasil said.

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